It's not a science with price per unit so there's gonna some discrepancies Here's some examples of some recent comps in the same Chicago neighborhood within a half mile area sold during the last 12 months This is a legal two unit with a nonconforming basement apartmenthttps://redf.in/o9h0T8Here's a 2 flat with a nonconforming basement and attic unit (so Four total two of which are nonconforming)https://redf.in/h7VIpLHere's a legal 3 unithttps://redf.in/JIentSAll 3 are in pretty similar condition and all three sold about the same price.

Appraisals are certainly more art than science, and it is entirely possible that yours was a conservative appraisal or not.

wow, that's fascinating. would u mind to share how u structure the deal and how to get them all financed?

Usually, they are fascinated with tiny houses, and that's why they chose us.  

Would you do the purchase land and build construction/sell off or delve into other classes like Life Science, Industrial, Multi-Family, Single Family, Low-Income, Mobile Home, Hotel, Apartment?

I watched Brandon Turner's master class on small multifamily (< 5 units) and found it fascinating, as this could be my learning springboard to do larger apartment deals.Questions:1) does the new higher interest rate environment still make investing in small multifamily cashflow/profitable?

I found your history in the timber business fascinating!

Fascinating.

Fascinating, where did you find a $186K house in Portland at?

Most of the customers are always fascinated to see how it works too so it makes conversations natural and enjoyable with people, too.